Form ID : 0 - The Dollarization in Ecuador and Argentina...

Описание: Full Title: The Dollarization in Ecuador and Argentina: A Study of the Future of Latin America, the Compulsive Inflation Cycles, and the Political Drive of the New Century

Daniel Arinez

Abstract:
Argentina's recent election marked a significant turning point, particularly with the emergence of Javier Milei, which has cast a shadow over the future of Latin American socialism. Since the end of the dictatorship era, there has been a shift away from right wing dictatorships toward socialist policies aimed at mitigating economic crises. However, the current landscape reflects a growing disillusionment with socialism in the region. For instance, Ecuador made a series of detrimental financial decisions that ultimately led to the abandonment of its national currency in favor of the US dollar. This move, known as dollarization, is now being considered in Argentina, a country grappling with one of the highest inflation rates in Latin America. This investigation seeks to analyze the impact of dollarization on Ecuador and assess whether Argentina might face similar challenges or if this decision could potentially alleviate its economic woes.
Key Words: Dollarization, Ecuador, Argentina, Latin America, Debt, Oil, Natural Resources, Socialism, XXI Century, United States, Currency, Dollars